Managing financial resources in a service

Develop your accounting skills and knowledge to help you make better business decisions and achieve your professional goals. This microcredential will provide you with the skills to interpret information, calculate costs, prepare a budget for planning and control purposes, and evaluate costing methods to make financial decisions.

This course provides a basic grounding in key financial areas, as well as analysing financial performance to help managers meet these requirements more effectively.

It’s suitable for managers who have financial responsibilities and need to understand the content of financial statements and reports used in business, and learn to interpret this information and use it to manage day-to-day business activity.

This two day course aims to equip staff with the confidence to communicate with both colleagues and senior management about business accounting and finance related issues, even if they lack confidence in their mathematical ability. It will do this by firstly providing the participant with a significant amount of knowledge and understanding of financial terminology being used today.

Do you want to master finance concepts without spending a lot of your time on books, web search and long-hour boring courses?

Are you a non-financial manager who wants a raise, better job or to open a new business? 

Or maybe you are a small business owner who wants to measure and improve your business performance?

You have come to the right place! 

This is the only online course you’ll need to acquire the financial management acumen to:

• Start a career in finance
• Get promoted and become a finance manager
• Take your career to the next level
• Apply managerial, financial, decision-making and negotiation skills in a real working environment
• Understand why companies make money and how to improve their performance through financial analysis and management techniques

Care England’s ‘Savings Solutions, and Sustainability’ publication in collaboration with Care management Matters (CMM) is designed to help care providers navigate challenging financial pressures and offer cost-saving solutions to support business operations.

What does the issue cover?

• Decaffeination: The key to reducing falls?
• How to… Achieve eco patient hygiene and sustainable goals at half the cost
• Navigating the single assessment framework
• A path to resilience: A blueprint for smaller providers

Currently, unlike NHS services, social care is not free at the point of use. Anyone who requests public funded social care must undergo a needs assessment and a means test, and only those with highest needs and the lowest financial assets are likely to receive support. Anyone with assets of more than £23,250 must pay for all social care themselves. Below this threshold, contributions are made by the service user and the government on a sliding scale. If service users have long-term complex health needs, the NHS may also contribute to funding.  

A guide